SRCB(SH:601825)2025-10-30 09:30Financial Performance - The company reported operating income of RMB 6,387,313,000 for Q3 2025, a decrease of 2.73% year-on-year[5] - Total profit for the period was RMB 4,347,191,000, reflecting a growth of 1.05% compared to the same quarter last year[5] - Net profit attributable to shareholders was RMB 3,554,789,000, up 1.15% year-on-year[5] - The company achieved a net interest income of RMB 144.62 billion, down 5.05% year-on-year[24] - The net non-interest income was RMB 53.70 billion, showing a year-on-year increase of 2.24%[24] - The company’s basic earnings per share for Q3 2025 was RMB 0.37, unchanged from the previous quarter[5] - The group achieved a net profit attributable to shareholders of 10.567 billion yuan, a year-on-year increase of 0.78%[25] - Operating income for the period from January 1 to September 30, 2025, was CNY 19,831,464, a decrease of 3.2% compared to CNY 20,483,847 in the same period of 2024[62] - Net interest income decreased to CNY 14,461,780 from CNY 15,231,638, reflecting a decline of 5.0% year-over-year[62] - Net profit for the first nine months of 2025 was CNY 10,813,748, slightly up from CNY 10,714,547 in 2024, indicating a marginal increase of 0.9%[65] - The total profit for the period was CNY 12,999,372, a slight increase from CNY 12,926,693 in 2024, reflecting a growth of 0.6%[62] Assets and Liabilities - The total assets of the company reached RMB 1,558,094,380,000, representing a 4.72% increase from the end of 2024[6] - The total liabilities increased to RMB 1,427,881,706,000, marking a 5.00% rise compared to the previous year[6] - The bank's total liabilities reached RMB 1,427,881,706 thousand, up from RMB 1,359,827,664 thousand at the end of 2024, indicating a growth in liabilities[57] - The bank's total equity increased to RMB 130,212,674 thousand from RMB 127,981,831 thousand, reflecting a positive trend in shareholder equity[57] - Total assets reached 1,558.094 billion yuan, an increase of 70.285 billion yuan, or 4.72% year-on-year[25] Customer and Market Growth - Retail financial assets (AUM) amounted to 841.424 billion yuan, up 46.106 billion yuan, or 5.80% year-on-year[27] - The number of personal customers (excluding credit card customers) increased to 26.1719 million, a rise of 1.4397 million, or 5.82% year-on-year[27] - The bank's total deposits reached RMB 1,155,170,407 thousand, an increase from RMB 1,092,917,510 thousand, reflecting strong customer confidence[57] - The net increase in customer deposits and interbank and other financial institution deposits was CNY 59,770,860, compared to CNY 44,182,190 in the previous year, representing a growth of 35.4%[68] Loan and Credit Activities - The balance of personal loans (excluding credit cards) was 190.126 billion yuan, a decrease of 3.282 billion yuan, or 1.70% year-on-year[28] - The balance of inclusive small and micro loans was 91.1 billion yuan, an increase of 5.19% year-on-year[35] - The company's technology-oriented enterprise loan balance exceeded 120 billion RMB, with loans to small and medium-sized technology enterprises accounting for 81.06%[38] - The number of technology-oriented enterprise loan accounts increased by 384 to 4,662, representing an 8.98% growth compared to the previous year[38] - The company has provided credit services to 251 "specialized and innovative" small giant enterprises with a credit balance of 9.686 billion RMB[38] Financial Ratios and Coverage - The liquidity coverage ratio was reported at 196.36%, indicating strong liquidity position[23] - The non-performing loan ratio remained stable at 0.97% as of September 30, 2025[19] - The non-performing loan balance was 7.48 billion yuan, with a non-performing loan ratio of 0.97%, unchanged from the previous year[25] - The core Tier 1 capital adequacy ratio was 14.49%, meeting regulatory requirements[26] Environmental and Social Initiatives - The company established 1,033 "Heart Home" public service stations, conducting over 5,000 activities during the reporting period[29] - The company's green finance assets reached 99.35 billion RMB, with green loan balance growing by 3.31% to 64.36 billion RMB[41] - The issuance of 3-year green financial bonds totaled 4 billion RMB at an interest rate of 1.67%, aimed at funding green industry projects[41] - The company has supported 48 projects through carbon reduction support tools, leading to an annual carbon reduction of 96,704.72 tons[42] - The company established 12 specialized secondary branches for technology finance and 6 specialized teams during the reporting period[39] - The "Xindongneng" customer cultivation plan won the "Seventh Annual Outstanding Brand Case in the Financial Industry - Technology Finance Annual Case" award[40] Shareholder Information - The total number of ordinary shareholders reached 74,002 by the end of the reporting period[45] - For the first nine months of 2025, the bank distributed a cash dividend of RMB 0.241 per share, totaling RMB 23.24 billion, with a distribution ratio of 33.14%[50] Cash Flow Activities - Cash flow from operating activities for the first nine months of 2025 was CNY 21,698,052, down from CNY 30,920,069 in 2024, a decrease of 29.5%[68] - The net cash flow from investment activities was negative CNY 13,560,806, an improvement from negative CNY 17,689,044 in the same period last year[73] - The net cash flow from financing activities was CNY 3,911,480, compared to a negative CNY 5,019,290 in 2024, indicating a turnaround in financing activities[73]